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Direct tax collection up 30 per cent to Rs 8.36 lakh crore

New Delhi: According to a statement issued by the Finance Ministry on Sunday, the total direct tax collection in the financial year 2022-23 till September 17 has been Rs 8,36,225 crore (8.36 lakh crore), as compared to Rs 6,42,287 crore in the same period of the previous financial year. Rs. In this way, it is 30 percent more than the financial year 2021-22.
According to the ministry, the cumulative advance tax collection during April-September stood at Rs 2,95,308 crore, up 17 per cent over the same period a year ago. Of the gross tax collection of Rs 8.36 lakh crore, Rs 4.36 lakh crore came from corporate tax, while Rs 3.98 lakh crore came from personal income tax (PIT), the statement said. PIT also includes securities transaction tax.
Net tax collection after adjustment of income tax refunds increased by 23 per cent to Rs 7,00,669 crore. According to the Finance Ministry, about 83 per cent of the duly verified ITRs have been settled till September 17. This has led to an increase of about 468 per cent in the number of refunds issued in the financial year 2022-23. So far in the current financial year, refunds of Rs 1,35,556 crore have been issued.

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